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Yep - that's the driver for the declining Chinese population someone talked about earlier. Growing conservatism is a negative. Fortunately, Johor stands out as a place where the politicians make an effort for 'inclusive' communities, rather than cheap shots aimed at bolstering their support from...

But it's completely explicable...the guy at the Sail with a buy-price or 1.7 paid 300k up front for his deposit and his monthly repayments were 4.7k. His rental was 4.1k, so he paid his tenant $600 a month to live in his house. Take one look at expected incoming supply, their effect on...

I thought so too - but that doesn't make sense. Malaysians don't have a 1mil floor, and ONLY Malaysians can bid at auction. So...no need to 'rush in' at 1m. If wait for it to go to 800k start before bidding, ie a low start point. We'll see soon!

What is interesting is the re-sale market, or lack thereof. This condo is brand new, never inhabited and offered below all other properties of the same size (distressed). Locals see no value even at distressed prices. At the same time, supply is low: imperia completed first and this is the only...

You can see it's diminishing asking price here: 1.4 http://www.propertyguru.com.my/property-listing/bank-lelong-23-02-2016-puteri-harbour-nusajaya-for-sale-by-dickson-chew-21975068?ref=ls%7Cnormal%7C2%7C2 1.1...

Not on Teega, but I'm watching the imperia auction of a 1680ft property with interest. Initially offered at 1.6, then 1.4. Now being offered at 1.1 later this month. Disappointing to see the resale/auction market not attracting bid interest at a discount rate in excess of 30% (only Malaysian...

Unfortunately they can...if the housing ministry accepts a request for extension, your LAD is gone. Just had it happen to me on a medini property...it seems to be a theme in Iskandar. A non-transparent gov agency ok's it: buyers get screwed. So much cheaper for a developer to kickback a small...

It looks good, especially with the sultan pushing for iskandar to become Malaysia's second biggest city. Will be far better planned than the existing capital. Still thoroughly enjoying the Malaysian PR spin circus! 1) an 'official' interpretation of a 3rd party's findings...

Looks like illiquidity problems aren't restricted to 1mdb. It's not a rotten branch, it's the tree. Come 2018, any reforms will help appreciation in home prices if confidence can be restored. As you say, 1mdb in itself is not negative for the economy..it's a cumulative thing which acts as a...

It's also a tragi-comedic theme that the very vehicle set up to promote FDI has had the most influence in calling Malaysian governance and state/business incestuousness into question, thereby acting as the worst possible advert for FDI and acting as the catalyst/rallying call for a group of...

I know that it's a government owned vehicle set up to promote foreign direct investment. I also know that it's paid well over the odds for assets, appoints a new auditor every year and has seen it's bonds downgraded to junk status by every major rating agency and is now being investigated by the...

There are some things that can shift to johor and others that will prove sticky to SG. Global finance and regional corporate headquarters + any legal work will continue to favour SG. Look at the laughable mess of 1mdb, jurisprudence, press freedom etc in Malaysia. Those industries pay better...

Don't be envious, I've probably not allocated my capital efficiently! Was just taught credit is a last resort. Anyway, it was a company equity sell off a while back, so not the result of long savings. Will have to slog myself to build up a war chest again. Sigh.

Just a two part statement...my hunch is things will go well. But there are real risks to the global economy...it's not like 2003 where you had a good feel that things were stable and improving. Frankly, I'm not bothered which way it goes. I've no leverage and am just looking forward to...

Probably they are staring down the barrel of rm11k/month for 5 years and baulking at paying almost 700,000 of mortgage payments in the hope things go well down the road. I'm sure it will go well in 5 years, or I wouldn't be in the market, but it's not guaranteed. 5 years a lot could...

Neither expensive nor cheap. The question for your aunt is: how would it stand out against all the other units being offered at the same price? Now...does she move first to lower her price and potentially get a sale, or does she wait to lower until the whole market grinds lower, whereupon her...

It's just right for the rental market for sure. For an owner who paid RM2m for the unit, their rent is going to be around RM8.2k per month, so it's not right for them. And that's the rent it's achieving in a pre-surge environment, before Teega and the rest come online. For more recent...

A financial scam or straight-up con is better as they largely go unreported by the wealthy....a small percentage loss for them is generally kept quiet as they can't stand the loss of face/being made to look stupid. Kidnapping is a different matter.

You're 100% on point there - easy for people who have ridden an asset driven value boom in an expansionary 30 year SG period to scoff at such sums, but it shows how disconnected the generations are, particularly across Social strata. And to be fair, no-one should be reminded of the need to...